Baird Nabs Smith Barney's Perez in Northwest Push

Baird Nabs Smith Barney's Perez in Northwest Push

NEW YORK (Reuters) - Baird Private Wealth Management on Tuesday said it hired veteran Smith Barney broker David Perez in Portland, Oregon, the first step in the firm's expansion in the Pacific Northwest region

Barney Frank capitulates to the bankers on derivatives reforms

Barney Frank capitulates to the bankers on derivatives reforms

Filed under: Bad news, Management, Insiders, Market matters, Politics, Headline newsWe can just about shelve any hopes of banking reform from Congress. Barney Frank, Chairman of the House Financial Services Committee said: "I don't think you're going to see that happen" (referring to mandates for financial companies to process their swaps through a clearinghouse).Frank went on to say that there would be a presumption that standardized contracts would be sent to a clearinghouse but that it would not be an iron clad rule. With the bankers ignoring established rules and doing pretty much what they want, forget about that idea.Continue reading Barney Frank capitulates to the bankers on derivatives reformsBarney Frank capitulates to the bankers on derivatives reforms originally appeared on BloggingStocks on Wed, 07 Oct 2009 19:00:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments

Barney Frank's plan for regulating derivatives comes up short

Barney Frank's plan for regulating derivatives comes up short

Filed under: Politics, Financial CrisisHouse Financial Services Committee Chairman Barney Frank has a new proposal to regulate bank transactions. Some of it is OK and some of it perpetuates the abuses that brought Lehman and other financial institutions to their knees.First the OK part. Frank's proposal would require over-the-counter derivatives to be traded on listed exchanges and sold on exchanges or processed through a regulation platform. This is not good enough. We need transparency for each and every trade done by each and every financial institution. That means that all trades must be done on a listed exchange and cleared through a clearinghouse. All of this data can be put on computers and monitored daily. Then if some trader goes beyond established guidelines, he will be shut down immediately.Continue reading Barney Frank's plan for regulating derivatives comes up shortBarney Frank's plan for regulating derivatives comes up short originally appeared on BloggingStocks on Sat, 03 Oct 2009 12:20:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

The Securities Law Firm of Klayman & Toskes Issues Important Notice to All Former Smith Barney/Citi Private Bank Financial Advisors Who Sold the ASTA, MAT and/or Falcon Funds to Their Clients (PR Newswire)

The Securities Law Firm of Klayman & Toskes Issues Important Notice to All Former Smith Barney/Citi Private Bank Financial Advisors Who Sold the ASTA, MAT and/or Falcon Funds to Their Clients (PR Newswire)

The Securities Law Firm of Klayman & Toskes, P.A. http://www.nasd-law.com, representing numerous investors who sustained losses in Citigroup's Hedge Funds managed by Citi Alternative Investments, issued an important notice to all former Smith Barney/Citi Private Bank Financial Advisors who sold the ASTA, MAT and/or Falcon Funds to their clients

NEW YORK----In response to concerns raised by regulators about these securities, Morgan Stanley Smith Barney announced today that it has placed certain restrictions on the sale of leveraged, inverse, and leveraged inverse exchange traded funds

NEW YORK----Morgan Stanley Smith Barney announced today that it has launched Select Retirement, an optional income protection feature that is specially designed to augment the Select UMAÃƒâ€š Â® unified managed account program